The Walt Disney Company Walt Disney Company


Revenue and Net Profit billions $

Number of employees
2020 year


+ The Walt Disney Company (TWDC, Walt Disney Company)

The Walt Disney Company (TWDC) operates in 172 countries and represents 1,300 radio and television channels broadcasting in 53 languages. TWDC is one of the world's largest licensors, as well as the largest publisher of children's literature in the world. In Europe and Latin America, Disney leads the list of distributors of video and DVD and Blu-Ray products. The TWDC video library has more than 3 thousand films. TWDC owns various companies, including Pixar, Marvel, ABC-International Television, ESPN, TouchStone and others.

Internet Audience

2018: In the top 20 Internet giants by size of the Internet audience

Internet companies by audience size

Disney in Russia

Walt Disney Company CIS, a subsidiary of The Walt Disney Company, was founded in April 2006. The general director of Walt Disney Company CIS is Marina Zhigalova-Ozkan. In Russia and the CIS countries, the company develops such business areas as: production and rental of films; stage productions; release of license DVDs and Blu-ray™ of disks; production and distribution of television content, Disney channel, licensing of consumer goods - clothing, toys, goods for children, stationery, food, cosmetics, etc.; licensing of publishing activities - books and magazines for children; production and distribution of mobile and Internet content; development and distribution of games for PCs and consoles, as well as the production and publishing of games for social networks.

2022: Walt Disney lost $195 million for the quarter due to departure from Russia

Walt Disney lost $195 million in the first quarter of 2022 due to leaving Russia. Losses are associated with impairment of intangible assets (Disney channel) in the Russian Federation, according to the company's statements published in mid-May 2022. At the same time, the company does not disclose revenue and other financial indicators for the Russian market.

In March 2022, Walt Disney, which owns Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, announced the cessation of all its activities in Russia, including the production and licensing of content, amid a Russian special operation in Ukraine.

Walt Disney lost $195 million for the quarter due to departure from Russia

On March 1, 2022, the company temporarily stopped supplying its films to the country. Now, according to Disney representatives, "all other business activities" in Russia will be suspended - licensing of content and products, the activities of Disney Cruise Line, National Geographic magazine and the TV channel of the same name.

Disney CFO Christine McCarthy commented on the decision, noting that Russia and Ukraine account for about 2% of the business, which is "not such a significant figure" for the company.

At the same time, despite the departure from Russia, the Disney + streaming service in January-March 2022 increased the number of subscribers to 137.7 million, which is 7.9 million more than last quarter. For comparison, the Netflix streaming service at the beginning of the year lost 200 thousand subscribers. At the same time, Disney's quarterly revenue grew by 23% in annual terms, to $19.25 billion.

By May 12, 2022, it is known that a new series on the Star Wars franchise will soon be released on Disney +, as well as the premieres of Black Panther, the sequel Avatar and the prequel Toy Story. All this should attract new users[1]

Performance indicators

2020: Revenue decline by 6%, to $65.39 billion, net loss - $2.83 billion

At the end of fiscal 2020, Disney earned $65.39 billion, which is 6% less than a year earlier. The company received a net loss of $2.83 billion, while in 2019 the company registered a net profit of $14.85 billion.

It was a year unlike any other in our lives and, of course, in the history of Walt Disney, "said Bob Chapek, CEO of the company.

Disney sales fell, and operations became unprofitable for the first time since at least 1989 due to the coronavirus pandemic, COVID-19 which led to the closure of many of the company's amusement parks and cinemas. Under these conditions, the company decided to bet on streaming services. The audience of the Disney + service by the beginning of January 2021 reached 94.9 million users against 26.5 million people a year earlier.

Disney registered a giant loss due to closed due to COVID-19 Disneylands

Nevertheless, the division involved in the development of online video platforms, which includes Disney +, registered a 5% decrease in revenue.

The revenue of the division managing theme parks and cruise ships, as well as the production of consumer goods and video games, at the end of the year collapsed by 37%, to $16.5 billion, and the loss here amounted to $81 million. The company estimated the negative impact of COVID-19 on the operational result of this segment at about $2.4 billion.

Meanwhile, the revenues of the media division, including the National Geographic and ESPN networks, increased by 14% and reached $28.39 billion, profit - by 21%, to $9.02 billion. The revenue of the Disney film studio fell by 13%, amounting to $9.64 billion, profit - by 7%, to $2.5 billion.

On the day the annual financial statements were published, Disney shares in electronic trading rose 1.6% and reached their maximum value over the past year. The company's market capitalization over the year grew by more than a third, to $344 billion.[2]


2021: Transfer of 2,000 staff to Florida

At the end of July 2021, Disney announced the transfer of 2,000 employees from California to Florida. The company's decision is due to favorable tax benefits that are provided in the state for creating a large number of new jobs. For Disney, benefits are estimated at $580 million.

Among the employees who will be transferred to Orlando, there are specialists responsible for finance, technology, communications, involved in HR and creativity. The average salary in these positions in the company is $120 thousand per year.

Disney transports 2,000 of its employees to Florida to save $580 million in taxes

Disney confirmed plans to move and noted that Florida's choice is due to the state's favorable business climate, low income tax, comfortable traffic and lower house prices.

However, experts believe that company employees may face a difficult choice. Fernando Guerra, professor of political science at Loyola Marymount University, notes:

Capital and corporations are not loyal to their employees. They're not human, they don't have emotions. All that worries them is net profit. It was for this reason that Disney made this decision. For 2,000 employees, this is not the best choice, because half of them are likely to lose their jobs if they do not decide to move.

Los Angeles business process migration specialist Vanessa O'Donnell noted that California has lost many jobs recently, but in the case of Disney, it is obvious that the company wants to keep headquarters in this state.

They just don't want all their employees to be in a place that has left theme parks closed for months longer than Florida, costing them a lot of revenue. Disney was furious at California because of this, and the consequences are traced to this decision.

Disney promises to work on the conditions for the relocation of the highest paid employees. The company is ready to provide a "dynamic working environment" on the new campus in Orlando.[3]


Reduction of 32,000 employees due to COVID-19

On November 26, 2020, Disney announced the reduction of another 32 thousand jobs. Layoffs, which will primarily affect employees of theme parks, were the result of the coronavirus pandemic. COVID-19

Disney intends to begin terminating labor contracts with employees in the first half of fiscal 2021. The company also warned that it could introduce further measures to improve its situation, including attracting additional funding, refusing to pay dividends, reducing investments in film production and television projects, as well as sending on unpaid leave or reducing employees.

Disney cuts 32,000 jobs due to COVID-19 pandemic

Disneylands in different countries of the world have consistently closed since January 2020 due to the spread of coronavirus. As a result of many subsequent restrictions and strict measures to prevent coronavirus, including wearing masks and observing social distance, attendance at amusement parks collapsed. Some of them have not yet opened, and some are being re-closed due to a new lockdown, as happened in France.

At the end of October 2020, Disney also announced a reorganization: with significant losses due to closed amusement parks and cinemas, it decided to bet on streaming services.

According to the TEA/AECOM study, Walt Disney ranks first in the world top 10 in terms of the number of visitors to theme parks. The company is ahead of competitors by a significant margin: Walt Disney Attractions parks around the world were visited by 155.9 million people, Merlin Entertainment Group - 67 million people, OCT Parks China - 53.9 million people. The most popular was Magic Kingdom Park in Lake Buena Vista (Florida), it was visited by 20.9 million people.[4]

Dismissal of 28 thousand employees due to coronavirus

On September 29, 2020, Disney announced the dismissal of 28 thousand people. The company is forced to reduce its staff due to the coronavirus pandemic, COVID-19 which has hurt the business of the media conglomerate.

We have made a very difficult decision to begin the downsizing process at Disney Parks, Experiences & Products at all levels, "said Josh D'Amaro, head of this division, in a statement. - No matter how terrible this step is, this is the only possible option that we have in light of the long-term impact of COVID-19 on our business.

He also noted that the company's management tried to avoid layoffs by reducing costs, suspending projects and optimizing operations, but these measures did not help.

Disney fires 28 thousand employees due to COVID-19

According to Bloomberg, the cuts affected employees of theme parks, cruise ships, retailers, as well as management members. At the same time, the agency points out, about 67% of dismissed workers worked part-time. It is noted that in the American theme parks Disney before the pandemic, more than 100 thousand employees were involved.

Disney theme parks were closed due to the threat of coronavirus. Later they began to be gradually opened, but the company was forced to limit the number of visitors in order to ensure their safety.

According to CNN, in mid-July 2020, a theme park was supposed to earn in California, but its opening was postponed indefinitely. Another company resort in Florida began to open in stages in July.

The actions of the media giant reacted negatively to the news of mass layoffs. On September 30, 2020, at preliminary trading at 12:57 Moscow time, quotes fell by 2.73%, to $121.98 per security.[5]

Send 100,000 employees on unpaid leave

On April 19, 2020, Disney announced the sending of 100 thousand of its employees on unpaid leave. This corresponds to about half the state.

These measures are associated with the spread of coronavirus, COVID-19 which had a strong negative impact on the activities of the American company: the pandemic led to the closure of hotels and amusement parks around the world.

Disney sent 100,000 employees on unpaid leave

According to the Financial Times, Disney left workers in Florida and Paris without maintenance, but the company promised to maintain a full social package for medical care. The first wave of vacations began on April 19, 2020.

In the United States, Disney employees were invited from April 19 to apply for a state benefit of $600 per week, which is provided for by the company's support program in the conditions of a $2 trillion coronavirus. 

In Florida, unemployed people rely on $275 a week for 12 weeks, which is the lowest benefit in the United States. Employees of the Paris Disneyland can expect that the authorities compensate them up to 84% of the salary.

At the same time, the company's top managers refused salaries, but did not refuse incentive payments. According to the newspaper, they make up most of their income.

It is assumed that measures to optimize costs at the expense of staff will help Disney save about $0.5 billion monthly.

Given that the labor force accounts for approximately 45% of  operating expenses and 33% of  total expenses, we assume noticeable savings, "analyst Alexia Quadrani of JPMorgan commented on Disney's FT plans.

The operator of Tokyo Disneyland  and the park of water attractions DisneySea  announced that the parks would not  open until  mid-May 2020, although the company planned to do this  on April 20. The temporary closure of amusement parks threatens the company with great financial difficulties, given that in the fourth quarter of 2019 alone they brought Disney about $1.4 billion.[6]

2010: Revenue - $38 billion

In the 2010 fiscal year, the company's revenue amounted to 38 billion US dollars.


Cinema Group in the USA, Disneyland, 1990


Animators at Disneyland. USA, 1960s


Space pair from the Earth of the Future attraction in Disneyland, USA, 1961.

1955: Opening of the first Disneyland

Walt Disney after the opening of the first Disneyland in 1955.


Walt Disney before the sketch of the world's first Disneyland, USA, 1954.


Disney artists paint a deer before starting work on Bambi, 1942.


Stock price dynamics

Ticker company on the exchange: NYSE:DIS